Another lawsuit filed against Chesapeake in Pennsylvania
Tuesday, December 15, 2015
A little over a week ago, a Bradford County couple filed a lawsuit against Chesapeake Energy Corp., alleging that the company improperly reduced royalty payments.
Now, Attorney General Kathleen G. Kane’s office has accused Chesapeake of cheating Pennsylvania mineral rights owners out of royalties. According to The Patriot-News, the lawsuit was filed Dec. 9, claiming that Chesapeake did not disclose all information to mineral rights owners. Chesapeake will fight against the allegations.
According to the newspaper, the lawsuit is seeking $1,000 for each violation of the Unfair Trade Practices and Consumer Protection Law. However, if the victim is 60 years old or older, $3,000 is being sought.
Via: The Patriot-News > Chesapeake vows to fight ‘baseless allegations’ about Marcellus gas royalty payments
One Comment
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.
All I’ve heard from, or about, Chesapeake, since signing my lease agreement, is bad news. It’s been three years, and they haven’t even drilled the well, yet, although they appear to have done quite a bit of damage to local farms and roads putting in pipelines and infrastructure. I wonder what will happen if they do ever drill “our” well. I don’t expect anything good to come from Chesapeake, any more.